Anybody have a good recipe for rice & beans?
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Has everyone figured out how much their check from the govment is going to be?
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Originally posted by CaptainDave View Post$200K for a family is not rich by any means. Sure, they may have a few more toys than families that make less; but many of these people save a lot too. Some don't have more toys, just less debt.
It's also convenient to forget, a family making $200K per year probably pays close to $50K in income taxes; which is a heck of a lot more than many people that pay little to almost nothing. These folks also pay up to the cap for social security and no cap on Medicare wages.
If looking at taxes as a percentage of income, the current tax code is terrible for families that make in the $200K range.:
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I get nothing and if I did I would donate it to the church or someone who really needs it. I’d rather the government give the money to someone really in dire straits over this. In these times we all have to help eachother and beat this together just like WW2. The country will be a little more unified after all this.
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Originally posted by southtx View PostDidn’t know there were so many rich guys on this forum.
I'll be getting zero for sure. Never have gotten the government handouts just financed other people's handouts.
I wish their was a way we could only get the checks to people whose jobs have been effected by this whole thing.
If someone is on welfare they should get zero. They get plenty already.
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Originally posted by HuntForHorns View PostGo dig up your 2018 return and look at your AGI. If you are a couple filing together with an income of less than 150k you get $2400. That will be reduced by $5 for every $100 you are over that 150k threshold. You can add to that by having rugrats. They are worth an extra $500 a piece.
Congrats on your free money everyone.
By the way... this is just the DRAFT legislation by the republicans.
"The draft legislation, obtained by Fox News, would provide minimum payments of $600, and aid would be phased down at adjusted gross income thresholds of $75,000 for individuals and $150,000 per couple. Additionally, there would be $500 payments for each child.
The rebate amount is slated to then be reduced by $5 for each $100 a taxpayer’s income exceeds the legislation's threshold. The amount is therefore reduced to zero for single taxpayers with incomes exceeding $99,000 and $198,000 for joint filers."
I get zero.
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